Cement News tagged under: Holcim Sri Lanka
Siam City Cement to acquire Holcim Lanka25 July 2016, Published under Cement NewsSiam City Cement (SCC) has signed a deal to buy Sri Lankan cement company Holcim Lanka Ltd for US$400m. The acquisition will turn SCC into the market leader in Sri Lanka. SCC is anticipating that the acquisition of the 98.95 per cent stake in Holcim Lanka will be completed within two weeks of the date of agreement, while LafargeHolcim have said the transaction will be completed in 3Q16. SCC will use credit facilities from Bank of Tokyo-Mitsubishi UFJ to fund the purchase. This latest ... |
Holcim to invest US$20m to develop Ruhuna plant capacity14 November 2012, Published under Cement NewsHolcim Sri Lanka will invest US$20m to develop grinding capacity at the Ruhuna plant in Galle to meet the future demand in emerging markets. Vice president marketing and sales Viraj Gunasekera said that the grinding capacity will be increased by 600,000t once the work is completed in 2013. At present the production stands at 400,000tpa. He said the hotel chains in the north and east has just started work and there will be a rapid growth of demand for cement in the next 2-3 years. The GDP g... |
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